EX-99.1 2 ex99-1.htm EX-99.1

 

Exhibit 99.1

 

Parks! America, Inc.

Reports Fourth Quarter and Full Year Fiscal Year 2025 Financial Results

 

Management to host conference call on Monday, December 15, 2025, at 4:30 PM ET

 

PINE MOUNTAIN, Georgia, December 12, 2025 — Parks! America, Inc. (OTCQX: PRKA), today announced its financial results for the fourth fiscal quarter and fiscal year ended September 28, 2025. The summary information in this press release should not be used as the sole basis for making investment decisions. We encourage shareholders to read our complete Form 10-K, which has been posted on the Investor Info section of the Company’s website, www.parksamerica.com, for a complete view of the Company and its results.

 

Segment Financial Results for the 13 and 52 weeks ended September 28, 2025

 

The Company manages its operations on an individual park location basis. Financial information regarding each of the Company’s reportable segments is summarized in the tables below.

 

   For the 13 weeks ended September 28, 2025 
   Georgia Park   Missouri Park   Texas Park   Consolidated 
Total revenue  $1,760,856   $869,376   $592,944   $3,223,176 
Less significant expense categories (1):                    
Cost of animal food, merchandise and food   241,265    78,260    37,829    357,354 
Other revenue driven costs (2)   32,004    17,322    12,617    61,943 
Personnel costs (3)   377,013    201,584    159,476    738,073 
Advertising and marketing   84,168    85,491    94,958    264,617 
Other segment expenses (4)   241,901    85,453    98,973    426,327 
Segment income   $784,505   $401,266   $189,091   $1,374,862 

 

   For the 13 weeks ended September 29, 2024 
   Georgia Park   Missouri Park   Texas Park   Consolidated 
Total revenue  $1,471,131   $718,543   $418,017   $2,607,691 
Less significant expense categories (1):                    
Cost of animal food, merchandise and food   199,411    77,717    88,283    365,411 
Other revenue driven costs (2)   32,695    13,209    7,756    53,660 
Personnel costs (3)   354,334    203,611    164,119    722,064 
Advertising and marketing   42,564    32,527    63,014    138,105 
Other segment expenses (4)   271,265    101,146    124,061    496,472 
Segment income (loss)  $570,862   $290,333   $(29,216)  $831,979 

 

   For the 52 weeks ended September 28, 2025 
   Georgia Park   Missouri Park   Texas Park   Consolidated 
Total revenue  $5,917,423   $2,189,656   $2,364,496   $10,471,575 
Less significant expense categories (1):                    
Cost of animal food, merchandise and food   789,293    232,363    304,204    1,325,860 
Other revenue driven costs (2)   115,195    43,081    47,492    205,768 
Personnel costs (3)   1,377,831    726,050    688,096    2,791,977 
Advertising and marketing   301,687    240,204    333,429    875,320 
Other segment expenses (4)   1,077,753    372,367    453,578    1,903,698 
Segment income  $2,255,664   $575,591   $537,697   $3,368,952 

 

   For the 52 weeks ended September 29, 2024 
   Georgia Park   Missouri Park   Texas Park   Consolidated 
Total revenue  $5,960,259   $2,036,280   $1,915,721   $9,912,260 
Less significant expense categories (1):                    
Cost of animal food, merchandise and food   747,473    276,729    388,476    1,412,678 
Other revenue driven costs (2)   158,815    46,632    46,729    252,176 
Personnel costs (3)   1,328,979    659,088    653,428    2,641,495 
Advertising and marketing   340,586    225,087    310,304    875,977 
Other segment expenses (4)   1,089,527    371,525    443,863    1,904,915 
Segment income  $2,294,879   $457,219   $72,921   $2,825,019 

 

(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

(2)

 Other revenue driven costs include credit card fees and other revenue processing costs driven by sales volume.
(3) Personnel costs include fixed and variable wages, benefits and employer taxes.
(4) Other segment expenses include all other operating expenses, including animal expenses, park and vehicle maintenance costs, insurance, utilities, outside services, operating supplies and other miscellaneous expenses.

 

 
 

 

The table below presents a reconciliation of reportable consolidated segment income to Income (loss) before income taxes

 

   For the 13 weeks ended   For the 52 weeks ended 
   September 28, 2025   September 29, 2024   September 28, 2025   September 29, 2024 
Consolidated segment income  $1,374,862   $831,979   $3,368,952   $2,825,019 
Less:                    
Unallocated corporate expenses (1)   213,686    300,274    1,063,397    1,211,764 
Depreciation and amortization   226,377    199,319    885,996    871,967 
Contested proxy and related matters, net   —    2,988    (670,814)   2,040,810 
Tornado expenses and write-offs, net   —    —    —    (53,755)
Legal settlement   —    —    —    75,000 
Other operating expenses, net   15,598    26,980    29,296    62,734 
Other (income), net   (21,523)   (31,623)   (78,573)   (132,948)
Interest expense   53,193    81,729    219,341    229,244 
Income (loss) before income taxes  $887,531   $252,312   $1,920,309   $(1,479,797)

 

(1)Unallocated corporate expenses include corporate personnel costs, directors fees and compensation, directors and officers insurance, computer software and services, professional fees and public company related expenses.

 

Additional Segment Data

 

   For the 52 weeks ended 
   September 28, 2025   September 29, 2024 
Depreciation and amortization:          
Georgia Park  $396,987   $357,522 
Missouri Park   218,429    231,734 
Texas Park   268,923    281,055 
Corporate   1,657    1,656 
Total depreciation and amortization  $885,996   $871,967 

 

   For the 52 weeks ended 
   September 28, 2025   September 29, 2024 
Capital expenditures:          
Georgia Park  $1,038,800   $593,515 
Missouri Park   116,538    100,428 
Texas Park   121,484    213,012 
Total capital expenditures  $1,276,822   $906,955 

 

   As of 
   September 28, 2025   September 29, 2024 
Total assets:          
Georgia Park  $8,043,972   $7,520,918 
Missouri Park   3,299,882    3,399,324 
Texas Park   8,135,982    7,812,661 
Corporate   19,606    461,168 
Total assets  $19,499,442   $19,194,071 
           
Total cash & short-term investments:          
Georgia Park  $1,920,827   $1,800,623 
Missouri Park   888,745    870,918 
Texas Park   1,053,298    570,122 
Corporate   14,524    82,705 
Total cash & short-term investments  $3,877,394   $3,324,368 
           
Total assets less cash & short-term investments:          
Georgia Park  $6,123,145   $5,720,295 
Missouri Park   2,411,137    2,528,406 
Texas Park   7,082,684    7,242,539 
Corporate   5,082    378,463 
Total assets less cash & short-term investments  $15,622,048   $15,869,703 

 

 
 

 

Conference Call and Webcast Details

 

The Company will host a conference call to review its financial results of the fourth fiscal quarter and fiscal year ended September 28, 2025 on December 15, 2025, at 4:30 pm ET. The conference call will be webcast and can be accessed through the Investor Info section of the Company’s website, www.parksamerica.com.

 

Investors should email their questions to: invest@parksamerica.com. Please send your email questions in as early as possible, and no later than 1 p.m. Eastern Time on Monday, December 15th. We will take these email questions first and then live participants will be able to ask follow-up questions in the remaining time. A transcript of the call will be available on the Company’s website.

  

About Parks! America, Inc.

 

Parks! America, Inc. (OTCQX: PRKA), through its wholly owned subsidiaries, owns and operates three regional safari parks and is in the business of acquiring, developing and operating local and regional entertainment assets in the United States.

 

Additional information, including our Annual Report on Form 10-K for the fiscal year ended September 28, 2025, is available in the Investor Info section of the Company’s website, www.parksamerica.com.

 

Cautionary Note Regarding Forward Looking Statements

 

This news release may contain “forward-looking statements” within the meaning of U.S. securities laws. Forward-looking statements include statements concerning the Company’s future plans, business strategy, liquidity, capital expenditures, sources of revenue and other similar statements that are not historical in nature. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the Company’s expectations as of the date of this news release and speak only as of the date hereof. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results to differ significantly from those expressed or implied by such forward-looking statements. Readers are advised to consider the factors listed under the heading “Risk Factors” and the other information contained in the Company’s Annual Report on Form 10-K and other reports filed from time to time with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

 

Contact:

 

John Grau

InvestorCom

(203) 972-9300

info@investor-com.com